China's environmental policy is managed vertically, that is, it is formulated by the central
government and implemented by local governments. Therefore, green governance …

The local government debt risk has attracted government regulators' attention, and its
economic consequences have become a new research topic. Based on data from Chinese …

This study examines the impact of local government debt on stock price crash risk. The
results show that corporations located in regions with higher levels of local government debt …

We investigate the impact of China's New Budget Law of 2015 on local entrepreneurship.
The legislation introduces exogenous limitations on local governments' debt-financing …

The alarmingly high level of local government debt (LGD) in China threatens the financial
stability, fiscal system, and sustainability of China's economic success. This study provides a …

China's local government debt has risen sharply due to fiscal stimulus and decentralized
financing. This debt expansion increases systemic risk as default risk is transmitted to banks …

This study explores the heterogeneous impact of local government debt on credit risk across‎
state-owned and urban and rural commercial banks in China, through the analysis of stress …

The rapid growth of local government debt size in China has aroused the attention of
academia and policy circles due to its impact on environmental pollution. This paper aims to …

Understanding the impact of local government debt expansion on microeconomic entities is
crucial in evaluating local government debt policies. This study explored the crowding-out …

Public debt plays a major role in financing projects that support economic growth and
sustainable development. As governments may choose between domestic and external …